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NXT vs. ENPH
Performance
Risk-Adjusted Performance
Dividends
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NXT vs. ENPH

Last updated May 21, 2025

Compare and contrast key facts about Nextracker Inc (NXT) and Enphase Energy, Inc. (ENPH).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NXT or ENPH.

Correlation

The correlation between NXT and ENPH is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

NXT vs. ENPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nextracker Inc (NXT) and Enphase Energy, Inc. (ENPH). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

NXT:

0.51

ENPH:

-0.87

Sortino Ratio

NXT:

1.39

ENPH:

-1.32

Omega Ratio

NXT:

1.15

ENPH:

0.84

Calmar Ratio

NXT:

0.71

ENPH:

-0.67

Martin Ratio

NXT:

1.12

ENPH:

-1.38

Ulcer Index

NXT:

31.02%

ENPH:

42.03%

Daily Std Dev

NXT:

65.03%

ENPH:

65.47%

Max Drawdown

NXT:

-48.61%

ENPH:

-95.97%

Current Drawdown

NXT:

-4.22%

ENPH:

-85.40%

Fundamentals

Market Cap

NXT:

$8.61B

ENPH:

$6.40B

EPS

NXT:

$3.47

ENPH:

$1.09

PE Ratio

NXT:

16.81

ENPH:

44.75

PEG Ratio

NXT:

6.31

ENPH:

0.62

PS Ratio

NXT:

2.91

ENPH:

4.50

PB Ratio

NXT:

5.15

ENPH:

8.16

Total Revenue (TTM)

NXT:

$2.96B

ENPH:

$1.42B

Gross Profit (TTM)

NXT:

$1.01B

ENPH:

$678.42M

EBITDA (TTM)

NXT:

$668.57M

ENPH:

$258.01M

Returns By Period

In the year-to-date period, NXT achieves a 61.48% return, which is significantly higher than ENPH's -28.60% return.

NXT

YTD

61.48%

1M

46.38%

6M

62.06%

1Y

32.86%

3Y*

N/A

5Y*

N/A

10Y*

N/A

ENPH

YTD

-28.60%

1M

-6.66%

6M

-20.08%

1Y

-56.77%

3Y*

-33.70%

5Y*

-3.93%

10Y*

17.29%

*Annualized

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Nextracker Inc

Enphase Energy, Inc.

Risk-Adjusted Performance

NXT vs. ENPH — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NXT
The Risk-Adjusted Performance Rank of NXT is 7272
Overall Rank
The Sharpe Ratio Rank of NXT is 7171
Sharpe Ratio Rank
The Sortino Ratio Rank of NXT is 7575
Sortino Ratio Rank
The Omega Ratio Rank of NXT is 6868
Omega Ratio Rank
The Calmar Ratio Rank of NXT is 7878
Calmar Ratio Rank
The Martin Ratio Rank of NXT is 6565
Martin Ratio Rank
ENPH
The Risk-Adjusted Performance Rank of ENPH is 99
Overall Rank
The Sharpe Ratio Rank of ENPH is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of ENPH is 77
Sortino Ratio Rank
The Omega Ratio Rank of ENPH is 1010
Omega Ratio Rank
The Calmar Ratio Rank of ENPH is 1010
Calmar Ratio Rank
The Martin Ratio Rank of ENPH is 1010
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NXT vs. ENPH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Enphase Energy, Inc. (ENPH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

The current NXT Sharpe Ratio is 0.51, which is higher than the ENPH Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of NXT and ENPH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

NXT vs. ENPH - Dividend Comparison

Neither NXT nor ENPH has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NXT vs. ENPH - Drawdown Comparison

The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum ENPH drawdown of -95.97%. Use the drawdown chart below to compare losses from any high point for NXT and ENPH. For additional features, visit the drawdowns tool.

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Volatility

NXT vs. ENPH - Volatility Comparison

The current volatility for Nextracker Inc (NXT) is 18.48%, while Enphase Energy, Inc. (ENPH) has a volatility of 25.69%. This indicates that NXT experiences smaller price fluctuations and is considered to be less risky than ENPH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Financials

NXT vs. ENPH - Financials Comparison

This section allows you to compare key financial metrics between Nextracker Inc and Enphase Energy, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

200.00M400.00M600.00M800.00M1.00BJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025
924.34M
356.08M
(NXT) Total Revenue
(ENPH) Total Revenue
Values in USD except per share items

NXT vs. ENPH - Profitability Comparison

The chart below illustrates the profitability comparison between Nextracker Inc and Enphase Energy, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
10.0%20.0%30.0%40.0%50.0%JulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025
33.1%
47.3%
(NXT) Gross Margin
(ENPH) Gross Margin
NXT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Nextracker Inc reported a gross profit of 305.69M and revenue of 924.34M. Therefore, the gross margin over that period was 33.1%.

ENPH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Enphase Energy, Inc. reported a gross profit of 168.24M and revenue of 356.08M. Therefore, the gross margin over that period was 47.3%.

NXT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Nextracker Inc reported an operating income of 195.31M and revenue of 924.34M, resulting in an operating margin of 21.1%.

ENPH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Enphase Energy, Inc. reported an operating income of 31.92M and revenue of 356.08M, resulting in an operating margin of 9.0%.

NXT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Nextracker Inc reported a net income of 156.79M and revenue of 924.34M, resulting in a net margin of 17.0%.

ENPH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Enphase Energy, Inc. reported a net income of 29.73M and revenue of 356.08M, resulting in a net margin of 8.4%.